Relocation, or 'RELO', is a term used in real estate jargon to describe the process of moving from one location to another. It is often used to refer to the process of moving a business or family from one area to another, and can involve a variety of tasks such as packing, transporting, and unpacking. RELO is also used to refer to the process of buying and selling a home, which includes finding a new home, negotiating a purchase price, and closing on the sale.